Remove industries high-tech
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CAR report quantifies automotive’s position as a leading high-tech industry

Green Car Congress

Percentage of Global R&D Spending by Industry, 2013. A newly-released report by the Center for Automotive Research (CAR) concludes that the automotive industry is not only “high-tech,” it is frequently a leader in technological developments and applications. Click to enlarge. —Center for Automotive Research.

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Hyundai Motor and Kia revamp R&D organization to make it more agile, flexible and independent like startups

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Hyundai Motor Company and Kia Corporation are reorganizing their joint research and development (R&D) organization to be able to respond flexibly to the rapidly changing global automotive industry, advance the transition to electrification and accelerate the development of Software Defined Vehicles (SDVs).

Kia 417
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Casterra to sell castor seeds for cultivation to leading oil and gas company; $9.1M initial purchase

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Casterra’s high-yield, high-oil castor seed varieties are optimized for biofuel production to support the growing market of sustainable energy. In current industry practice, biodiesel is based on a mix of about 93-95% fossil oil and 5-7% non-fossil oil from plants or other sources. Casterra Ag Ltd. ,

Oil 276
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ZF and Freudenberg partner on fuel cell drives

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ZF’s cooperation with Freudenberg will develop highly integrated fuel cell e-drive solutions for the commercial vehicle industry. —Wilhelm Rehm, ZF Board Member with responsibility for Commercial Vehicle Solutions, Industrial Technology and Materials Management. We are investing heavily in the mobility of the future.

Fuel 485
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Rock Tech Lithium signs MoU with Romanian Government for second lithium hydroxide plant

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Canada-based Rock Tech Lithium has signed a non-binding Memorandum of Understanding (“MoU”) with the Government of Romania. The Rock Tech converters produce lithium hydroxide in three steps: pyro-processing, hydro-processing and purification. Rock Tech owns its own mine in Canada. —Rock Tech’s Chairman, Dirk Harbecke.

Romania 334
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Volvo Cars Tech Fund makes strategic investment in extreme fast charging battery company StoreDot

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Volvo Cars, through the Volvo Cars Tech Fund, has made a strategic investment in StoreDot, the pioneer of extreme fast charging technologies for electric vehicles. We are moving closer to the mass production of our batteries and this investment from Volvo Cars Tech Fund is yet another huge vote of confidence in StoreDot and our mission.

Volvo 284
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Foxconn unveils three EVs developed in-house

Green Car Congress

The announcement was made during the livestreamed Hon Hai Tech Day 2021 (HHTD21) event, underlining Hon Hai's commitment to become a global next-generation automotive manufacturer. Its high rigid body design and protection meets the Federal Transit Administration (FTA) regulations and standards. Upholding the company’s vision of “3+3=?”